Diamondback Energy (FANG) Research Coverage Started at Deutsche Bank

Investment analysts at Deutsche Bank began coverage on shares of Diamondback Energy (NASDAQ:FANG) in a research report issued on Thursday, The Fly reports. The firm set a “buy” rating on the oil and natural gas company’s stock.

A number of other analysts also recently issued reports on FANG. BidaskClub downgraded shares of Diamondback Energy from a “strong-buy” rating to a “buy” rating in a report on Friday, January 26th. Stifel Nicolaus set a $149.00 price target on shares of Diamondback Energy and gave the stock a “buy” rating in a report on Tuesday. Wells Fargo & Co set a $120.00 price target on shares of Diamondback Energy and gave the stock a “buy” rating in a report on Tuesday, October 17th. SunTrust Banks set a $120.00 price target on shares of Diamondback Energy and gave the stock a “buy” rating in a report on Monday, October 16th. Finally, Credit Suisse Group set a $143.00 price target on shares of Diamondback Energy and gave the stock a “buy” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $132.46.

Diamondback Energy (FANG) traded up $1.14 during mid-day trading on Thursday, reaching $126.64. 969,054 shares of the company’s stock were exchanged, compared to its average volume of 1,270,000. The firm has a market cap of $12,430.00, a P/E ratio of 30.66, a price-to-earnings-growth ratio of 0.68 and a beta of 1.08. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.45 and a current ratio of 0.46. Diamondback Energy has a 12 month low of $82.77 and a 12 month high of $134.52.

Diamondback Energy (NASDAQ:FANG) last announced its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.31. The business had revenue of $301.30 million during the quarter, compared to the consensus estimate of $296.53 million. Diamondback Energy had a net margin of 39.69% and a return on equity of 8.76%. The business’s revenue was up 112.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.03) EPS. analysts anticipate that Diamondback Energy will post 5.04 earnings per share for the current year.

In other Diamondback Energy news, CFO Teresa L. Dick sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $111.79, for a total value of $558,950.00. Following the completion of the transaction, the chief financial officer now owns 31,760 shares of the company’s stock, valued at approximately $3,550,450.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Russell Pantermuehl sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $109.55, for a total transaction of $438,200.00. Following the completion of the transaction, the vice president now directly owns 64,214 shares of the company’s stock, valued at approximately $7,034,643.70. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock valued at $9,334,350 in the last three months. 0.41% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. IFP Advisors Inc boosted its position in Diamondback Energy by 42.6% in the 4th quarter. IFP Advisors Inc now owns 1,302 shares of the oil and natural gas company’s stock valued at $164,000 after buying an additional 389 shares during the period. KCS Wealth Advisory purchased a new position in Diamondback Energy in the 4th quarter valued at approximately $202,000. Tower Bridge Advisors purchased a new position in Diamondback Energy in the 4th quarter valued at approximately $229,000. First Personal Financial Services boosted its position in Diamondback Energy by 114.9% in the 4th quarter. First Personal Financial Services now owns 1,919 shares of the oil and natural gas company’s stock valued at $242,000 after buying an additional 1,026 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new position in Diamondback Energy in the 3rd quarter valued at approximately $206,000.

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Diamondback Energy Company Profile

Diamondback Energy, Inc is an independent oil and natural gas company. The Company focuses on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2016, the Company’s total net acreage position in the Permian Basin was approximately 105,894 net acres.